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This thesis proposes to challenge the assumption that a particular mode of politics known as rentierism is common to all rentier states. We assert that the successful emergence of rentierism is dependent on specific factors in the pre-rentier state period. To support our claim we examine and analyze three modern day rentier states; Iran, Saudi Arabia and Venezuela. These case studies allow us to demonstrate that the pattern we call rentierism is not common to all rentier states the mode of politics in both Venezuela and Iran differs significantly from that of Saudi Arabia, the literature's embodiment of rentierism. Moreover, analysis and comparison of the pre-rentier state period for all three cases allows us to propose specific pre-rentier state factors which, we suggest, are essential for the successful emergence of rentierism.

The Budget speech of 23 February 2000 by the Minister of Finance marked the introduction of significant changes to the income tax system of the Republic of South Africa (Republic). A residence-based system of taxation (RBT) was adopted for years of assessment commencing on or after 1 January 2001 and Capital Gains Tax (CGT) was introduced with effect from 1 October 2001. According to the 2000 Budget Review a move to a residence-based system would significantly broaden the tax base, limit opportunities for tax arbitrage and bring the tax system in line with generally accepted international practice. The relaxation of exchange controls for South African residents with effect from 1 July 1997 made it possible for residents to invest limited funds offshore. The Fifth Interim Report of the Katz Commission suggested that if exchange controls were relaxed, the taxation of active income should remain on a source basis, but that passive income should be taxed on a residence basis. As a result deemed source rules in the form of section 9C and 9D were introduced into the Act with effect from 1 July 1997 and applied to “investment income” as defined. Section 9C taxed investment income of both residents and non-residents (from activities carried on by a permanent establishment in the Republic). Section 9D taxed investment income of controlled foreign entities and investment income arising from donations, settlements or other dispositions in the hands of residents The taxation of foreign dividends with effect from 23 February 2000 as a first phase in the move to a residence based system, lead to the introduction of s 9E. Foreign Dividends were taxed in the hands of residents subject to certain exemptions. The basic interest exemption was extended to foreign dividends. Section 6quat was revised to extend the rebate to foreign dividends and profits of a company from which dividends were declared. Section 9D was amended to cater for foreign dividends received by or accrued to controlled foreign entities. The implementation of a full residence-based system of taxation with effect from years of assessment commencing on or after 1 January 2001 required amendments to various sections of the Income Tax Act as well as the introduction of new sections. A residence minus system was adopted which means that residents as defined are now taxed on their world- wide income with certain exemptions. Non-residents are taxed on their income from sources within or deemed to be within the Republic. The provisions relating to the taxation of foreign income of residents is complex; adding to the complexity is the fact that several changes have already been made to these provisions since the inception of the world-wide basis of taxation. The provisions must also be interpreted against the background of any double taxation agreement (DTA) between the Republic and the relevant foreign country as the applicable DTA may override the Republic domestic legislation. For purposes of this treatise the amending Acts enacted up to the end of December 2003 are taken into account. Hardly five years after the Katz commission of inquiry into the tax structure concluded that RBT and CGT were too complicated to be administered by SARS, the implementation of RBT and CGT were announced in the 2000 Budget. A detailed examination of the provisions relating to foreign income of residents as defined was undertaken. Interpretational issues to be clarified by legislation and certain planning issues are highlighted. It is essential to understand and carefully consider the Republic tax laws and the relevant double taxation agreements, for the successful application of the provisions. Careful planning before concluding transactions is of vital importance in order to avoid or minimize any unwanted tax consequences resulting from the RBT and CGT provisions.

The Budget speech of 23 February 2000 by the Minister of Finance marked the introduction of significant changes to the income tax system of the Republic of South Africa (Republic). A residence-based system of taxation (RBT) was adopted for years of assessment commencing on or after 1 January 2001 and Capital Gains Tax (CGT) was introduced with effect from 1 October 2001. According to the 2000 Budget Review a move to a residence-based system would significantly broaden the tax base, limit opportunities for tax arbitrage and bring the tax system in line with generally accepted international practice. The relaxation of exchange controls for South African residents with effect from 1 July 1997 made it possible for residents to invest limited funds offshore. The Fifth Interim Report of the Katz Commission suggested that if exchange controls were relaxed, the taxation of active income should remain on a source basis, but that passive income should be taxed on a residence basis. As a result deemed source rules in the form of section 9C and 9D were introduced into the Act with effect from 1 July 1997 and applied to “investment income” as defined. Section 9C taxed investment income of both residents and non-residents (from activities carried on by a permanent establishment in the Republic). Section 9D taxed investment income of controlled foreign entities and investment income arising from donations, settlements or other dispositions in the hands of residents. The taxation of foreign dividends with effect from 23 February 2000 as a first phase in the move to a residence based system, lead to the introduction of s 9E. Foreign Dividends were taxed in the hands of residents subject to certain exemptions. The basic interest exemption was extended to foreign dividends. Section 6quat was revised to extend the rebate to foreign dividends and profits of a company from which dividends were declared. Section 9D was amended to cater for foreign dividends received by or accrued to controlled foreign entities. The implementation of a full residence-based system of taxation with effect from years of assessment commencing on or after 1 January 2001 required amendments to various sections of the Income Tax Act as well as the introduction of new sections. A residence minus system was adopted which means that residents as defined are now taxed on their world- wide income with certain exemptions. Non-residents are taxed on their income from sources within or deemed to be within the Republic. The provisions relating to the taxation of foreign income of residents is complex; adding to the complexity is the fact that several changes have already been made to these provisions since the inception of the world-wide basis of taxation. The provisions must also be interpreted against the background of any double taxation agreement (DTA) between the Republic and the relevant foreign country as the applicable DTA may override the Republic domestic legislation. For purposes of this treatise the amending Acts enacted up to the end of December 2003 are taken into account. Hardly five years after the Katz commission of inquiry into the tax structure concluded that RBT and CGT were too complicated to be administered by SARS, the implementation of RBT and CGT were announced in the 2000 Budget. A detailed examination of the provisions relating to foreign income of residents as defined was undertaken. Interpretational issues to be clarified by legislation and certain planning issues are highlighted. It is essential to understand and carefully consider the Republic tax laws and the relevant double taxation agreements, for the successful application of the provisions. Careful planning before concluding transactions is of vital importance in order to avoid or minimize any unwanted tax consequences resulting from the RBT and CGT provisions.

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No description available.

From 1979 through 1984 the economic bases of rural Oregon counties have undergone structural change. Nonwage income, especially transfer payments, has played an important role in these changes. Demographic changes in rural counties have contributed to the growth in unearned income. The economic structure of rural Oregon counties was estimated by applying indirect export analysis techniques to secondary data. The results of the structural analysis provided the data for the econometric analysis. A conceptual model of regional growth was developed that incorporated community characteristics such as the size of the market (population) and market distance (location and commuting activity) from central place theory. This conceptual model was made operational through several econometric models which regressed basic income and community characteristics on residentiary incomes. Data limitations prevented extensive testing of the econometric models. Some bias, which affected the values of the residentiary sectors, was perceived in the estimation of exports. Two methodological improvements were attained. Firstly, the economic base of each county was estimated with sectoral groupings and data disaggregation that were better suited to the analytical techniques than is commonly applied. Secondly, a regional growth model was develped that combined basic income arguments with regional location and population arguments. The growth of expenditures by transfer payments recipients, both as a type of basic income expenditure and as a representative of retiree consumption, helped to account for the growth of residentiary income in rural counties during the early 1980's. Due to the steady growth of transfer payments, the growth of the retiree population and the decline in export earnings, policy makers should specifically consider the changing number of retirees when formulating regional development strategies. / Graduation date: 1988

George O. May's (1952) prescient statement that "if accounting had not already become, it was well on its way to becoming a political phenomenon" provides the motivation for this study. Changing socioeconomic relationships in the post-World War II period make it an ideal period to examine the politicalization of accounting. Keynesian economic policies justified active government intervention in the economy to manage demand and ensure full employment. No longer could it be assumed that competitive market forces would ensure that corporations produced goods and services at a socially optimal level or that income would be distributed equitably. Claims that accounting profit provides a measure of managerial efficiency are based on these premises. This dissertation examines the political dynamics of one particular accounting measurement debate--the debate over the determination of business income. Policies, such as wage/price controls, the excess profits tax, and the undistributed profits tax, brought the accounting income determination debate to center stage. The perseverance of the historic cost allocation model in the face of significant economic changes presents a fascinating glimpse of the important role accounting played in justifying continued reliance on the private property rights paradigm. I use retrodiction (reasoning from present to past) to examine why the historic cost allocation model has been so enduring. In my examination, I use personal correspondence, transcripts of Congressional hearings, published financial statements, and relevant journal articles. My analysis indicates that, while accountants empathized with managers who claimed that inflation distorted reported earnings and recognized that a serious measurement scale issue existed, they also recognized that abandonment of historic cost would not be politically feasible. If accountants had adopted a strongly partisan position that favored management with respect to bargaining with labor, this could have undermined the profession's claim to neutrality and opened the standard-setting process to closer political scrutiny. Accountants responded to management in a less visible way. Standard setters adopted techniques that gave managers maximum flexibility in managing income while retaining the aura of objectivity that attached to historic cost.

In the United States, nobody can survive without depending on the income of oneself or of those that support them. Thus, economic opportunity and its skewed availability is pertinent to everyone. With income inequality in the United States measured in the early 2010s reaching some of the highest estimates among nations around the globe, people seek to investigate the forces behind this phenomenon and reverse it. This paper focuses on some of the many cycles and structures that exist to reinforce the challenges of achieving economic equality. Specifically, I extrapolate data to measure the correlations between the Great Recession and measures of income disparity. I then measure the effects across suburban, urban, and rural areas to highlight their differences. The paper further explains the relationship among the three, their relevance to the economy, and general directions in which organizations can circumvent the negative trends observed from the data.

M.Com. (Taxation) / One of the canons of context requires that a liability will be in 1986:para 4.47). taxation is certainty. "Certainty taxpayer be reasonably certain of what any given set of circumstances" (Margo in this his tax Report, It is submitted that, at present, there is not the desired certainty regarding the treatment of unrealised foreign exchange differences. This is proven by the internal memorandum circularised by the Commissioner of Inland Revenue, advising local Receivers of Revenue to put on hold all income tax returns with unrealised foreign exchange losses and all objections to the disallowance of these losses until such time that it has, in consultation with professional bodies, been able to establish an acceptable solution to the problem (Commissioner for Inland Revenue, n.d.). No finality has been reached to date and uncertainty therefore still prevails on either side of the fence, resulting in losses to both parties. As a result of the Commissioner's instruction not to assess income tax returns with foreign exchange differences, Revenue suffers significant losses from a cash flow point of view. This is because a taxpayer is entitled to base his first and second provisional tax payment for a particular tax year on his "basic amount", this being his taxable income or assessed loss for the last tax year for which he has been assessed. For many affected taxpayers, this is their 1984 tax year in respect of which they reported a considerably lower taxable income than for their last year of assessment. This means that their first two provisional tax payments in respect of a particular tax year can be extremely low in comparison to their taxable income for their last year of assessment. There are also quite a few taxpayers who had an assessed loss for their 1984 tax year who are therefore not required to make a payment at all. It follows, therefore, that Revenue could improve its cash flow position by not allowing assessments to fall too far in arrears. Conversely, disallowance response to pay tax on purposes. taxpayers lose where they have objected to the of their foreign exchange losses and are still awaiting a their objections as, in the meantime, they will have to the basis that the losses are not deductible for tax The direct effect of the disallowance of unrealised foreign exchange losses would be that the after tax cost of borrowings from abroad would be unacceptably high, thus creating a bias towards local borrowing. In a country in dire need of foreign capital, this situation is obviously totally undesirable.